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Look at Pilbara Minerals when it was pre-revenue, trading pennies, getting hammered by bears saying potash would never work. We're sitting at R0.64 with a world-class asset in Congo and a path to production that actually makes sense. The market's just not pricing in what happens when we flip the switch. Can't fix stupid but the patient money will see this differently in 24 months.
Sintoukola still looks years away from cash flow. Do you think the rand weakness actually helps here, makes the project cheaper to build, or does it just mean our holding gets hammered when sentiment turns. Not sure about this one at R0.64.
KP2 sitting at R0.64 is honestly a steal if Congo project ever moves. Potash plays are dead money until FID but the resource itself is solid, ngl. Been holding since way higher, all red obviously, but Sintoukola's got legs when the fertilizer cycle turns.
Congo project still got legs but man, potash prices been blerrie awful. At R0.64 the market is basically saying they don't believe in the timeline anymore, which fair enough given how long this development has dragged. If they can actually get Sintoukola into production before the next commodity cycle swings, could be massive upside, but that's a big if.
KP2 taking another knock at 0.64, down 3% today. the potash story remains compelling longer term but these near-term seller waves suggest the market's still pricing in execution risk on the sylvinite project.
congo project still years away from cash, potash spot prices weak. at R0.64 you're basically betting on debt getting sorted and capex staying under control. who's funding the next phase anyway.
kp2 sitting at r0.64 and potash fundamentals are actually solid long term, congo project is real asset not vaporware like some of these duds. fertilizer demand ain't going anywhere, just need them to actually get into production without the usual african project delays killing it. reckon this does 5x if sintoukola comes online but that's the bet really.
Sintoukola's getting close to that FID and potash demand isn't slowing down anytime soon. KP2 at R0.64 is still dirt cheap compared to what happens if Congo approves development. Problem is they gotta actually fund it and the rand's been murder for offshore costs, but long term this is a proper asset play not a spec.
KP2 down 1.45% to 68c today, bit of profit-taking after that recent run but the fundamentals on potash demand haven't changed.
KP2 dipped 1.37% to 72 bucks today, but potash fundamentals haven't changed so this feels like noise rather than a real concern.
Exiting my KP2 position at R73.00 after today's 4.29% pop, given the high capex requirements for potash production don't offer the embedded value generation I get from my insurance holdings, and the commodity cycle dynamics are frankly outside my circle of competence.
Just grabbed some KP2 at R69 because it's been climbing today and potash seems like a thing people need hey 📈
KP2 down 1.43% today to R69, ag these mining stocks jump around hey, but potash is still needed so I'm not sweating it.
KP2 up 1.43% to R71 today, which tracks the broader potash narrative but the real story is execution. Compared to peers like Sibanye-Stillwater, Kore's got a tighter focus on that Sintoukola project with massive potash demand tailwinds from India and Africa's agricultural shift,
Kore Potash is outside my usual food staples lane, but potash plays into agricultural input costs that trickle through to grocery margins, and KP2's recovery to R71 suggests some confidence in the Sintoukela project timeline, though execution risk remains material given the capex
KP2 took a bit of a knock today with that 1.39% slide to R71, but potash is still needed hey, so I'm not too worried about the long game here.
Trimmed my Kore Potash holding at R71 as potash cycle indicators suggest we're moving past peak pricing, though the structural shift toward African supply disruption keeps me from exiting entirely.
KP2 at R73 is still trading at a massive discount to its resource value if Sinopharm actually pulls through on funding. Three years of waiting for capital commitments feels like an eternity though — potash cycle could be completely different by then.